China's Bitcoin mining is quietly returning after the 2021 comprehensive ban. Data from Hashrate Index shows that China's share of global hashrate has rebounded to the third place worldwide, accounting for approximately 14%. In regions such as Xinjiang and Sichuan, where electricity prices are low and there is surplus energy, individual and corporate miners have begun to deploy hashrate again, and a number of new projects are also under construction. Multiple miners stated, 'As long as electricity prices are cheap, people will mine.' CryptoQuant estimates that currently, about 15% to 20% of the global Bitcoin hashrate comes from China.